EUR/USD: At the whim of the pricing

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Shaken in its role of hegemonic currency of world trade since the price assault led by the White House, the dollar remained on the defensive, the pair of flagship currencies consolidation near the $ 1.14 for a €.

Bover continues to monitor the slightest information on the subject of customs duties.

“We will have to see what will happen from now on, but a large part of optimism is due to the fact that investors think that the American administration will give in more. This point of view has been corroborated by the Wall Street Journal of yesterday, which suggested that the customs duties imposed on China could be revised downwards,” explains Deutsche Bank.

Wednesday, the Wall Street Journal reported that American customs duties against China could be brought around 50-65% against 145% at present.

The Treasury Secretary, Scott Bessent, told him to expect journalists to expect that customs surcharge between the two countries are coordinated. In other words, the United States will not reduce the customs duties alone and first.

“The trade tensions relaunched by the Trump administration continue to exert significant pressure on the financial markets. The intensification of protectionist measures – in particular customs rights – has rekindled fears of an economic slowdown. To this are added the unpredictable declarations of the American president, which nourish volatility and destabilize the feeling of investors”, synthesize Grégoire Kounowski, investment Advisor at Norman K.

In the immediate future, the trades have just taken note of the very follow -up IFO of the business climate in Germany, the first economic power of the euro zone. It appears almost stable and close to expectations, at 86.9 points. The economic cycle graphic tool remains stuck in the “crisis” box, for its part.

At midday on the foreign exchange market, the euro was treated against $ 1,1380 approximately.

Key graphics elements

Consolidation in triangle from 04 to 09 April is now over, the pair of currencies being violently out from the top. The energy released is important, but the ease with which the Eurusd shatters the resistances augurs for a pursuit of height. An accumulation zone between 1,1460 and 1,1674 is identified, as well as a bullish lens $ 1,1970.

Medium term

In view of the key graphic factors that we have mentioned, our opinion is neutral in the medium term on Euro dollar parity (Eurusd).

We will keep this neutral opinion as long as the EURO Dollar parity prices (EURUSD) are positioned between the support at USD 1,1250 and the resistance to 1,1460 USD.

Daily data graphics